Midway has managed to get a temporary reprieve on some of its notes payable to …

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Despite the fact that Midway's financial death seems to be more and more of a certainty these days, the beleaguered publisher is doing its best to buy enough time to recover. Business Week is reporting that Midway has managed to convince those who hold convertible notes due to be paid back in 2026 to forgo making the company buy back the notes until next month.

Aside from holding off on forcing the publisher to buy back $75 million of convertible notes, it was also revealed that Midway is working to get holders of similar notes due 2025 to create a similar deal. Exactly how effective this will be in keeping the company alive has yet to be revealed, but many seem to think that it's simply forestalling the inevitable.

It seems safe to assume that Midway is hoping to avoid being forced into liquidation before This Is Vegas and Wheelman are released, whereupon sales will hopefully help offset its debt. Unfortunately, this is looking increasingly unlikely, as the publisher cut a massive number of jobs, killed its non-core games, and shut down its Austin studio. Of course, the fact that Midway executives have been earning some major moolah in spite of their company's economic dire straits probably isn't sitting too well with shareholders, either.